Jim Cramer Says Yahoo! Could Make a Big Buy, Shares Could Go to $60
Jim Cramer says the doubters of Marissa Mayer's ability to run Yahoo! are many, but she's done a good job of steering the Internet company through a period of transition.
TheStreet's Jim Cramer says the doubters of Marrisa Mayer's ability to run Yahoo are great, but he thinks she's done a good job of steering the internet company through a period of 'transition.' When Mayer arrived at Yahoo its shares were trading at $15 each and now they are trading at around $42. Cramer says Mayer has done a good job of buying back shares to move the price higher, renegotiating Yahoo's deal with Alibaba and making some corporate tax changes. He says Mayer has been conservative and hasn't blown through a lot of money with making acquisitions. Cramer says Yahoo is a 'cash machine' and with its cash on hand, the company could potentially buy Zillow, Netflix, HomeAway, Grub Hub or even Yelp.
